I’m selling my ultra short position (SDK)… locking in the gains here.
The afternoon market may have a deeper sell off or it will try and bounce. So I will play it safe and take my profits here.
Caterpillar (CAT) short update
August 16, 2007 By
I’m going to cover my short position here on CAT at $71.01 and capture the gains. We done good on this trade! It is likely to still go lower over the coming days and weeks but I want to lock in profits. In this crazy market we have one never can tell what will happen next. So The gains on UAUA and CAT were super for a 2 day trade.
I’m still holding onto my Ultrashort of the Russel Midcaps (SDK). And that too is doing nicely for me today.
More on this topic
(What's this?)
CATERPILLAR: NO DOUBLE DIP
(THE PRAGMATIC CAPITALIST, 8/20/10)
CAT Prowls the Emerging Markets
(Investment U, 7/2/10)
Earnings Recap Cheat Sheet: Dow Heavyweights Caterpillar (CAT), 3M (MMM), AT&T (T) are Winners
(Wall St. Cheat Sheet, 7/22/10)
Holding my shorts open
August 15, 2007 By
The UAUA and CAT shorts worked beautifully. The charts told us to go short and they do not lie.
I am holding my shorts overnight. If you on the other hand want to take your profits here I would understand. I will hold mine and see what the morning brings. If there is any sign of a pop tomorrow in the morning then I will pull up my shorts and cover my behind.
The ultra short on the Russell MidCap is also doing well. I will hold that overnight also.
Some good profits for the Rebeltrader portfolio today.
P.s.: please remember to vote for my charts on stockcharts.com , and vote once every day .. Many thanks!!
Chuck
More on this topic
(What's this?)
CATERPILLAR: NO DOUBLE DIP
(THE PRAGMATIC CAPITALIST, 8/20/10)
CAT Prowls the Emerging Markets
(Investment U, 7/2/10)
Earnings Recap Cheat Sheet: Dow Heavyweights Caterpillar (CAT), 3M (MMM), AT&T (T) are Winners
(Wall St. Cheat Sheet, 7/22/10)
One more Short idea
August 15, 2007 By
This is a plan to buy the 2x short of the Russell MidCap Growth. Symbol SDK.
Keep an eye on SDK and if you see the price move above $71.10 then I will be buying (long) SDK. Remember that SDK pays 2x for every point drop in the Rusell MidCap.
Correction: sorry, typo: buy on move over $72.10
http://www.proshares.com/ for information on how the ETF’s work
